Ambrosus signaling clear bullish divergence and accumulation
Updated
AMB/BTC has been on a downtrend ever since the last altcoin pump cycle. In addition, the recent Christmas Bitcoin pump has caused it to break down from the historical support of ~72 sats.
However, the OBV shows massive accumulation ever since the last pump (~500 million to 1.8 Billion). The RSI(currently oversold) and MACD are both heading towards the bullish side while price is going lower.
Now with Bitcoin taking a pause from its pump, it may be give the alts some upside.
Fundamentals:
This is well funded project. They raised around $30 million from their ICO, so the marketcap right now (~$5 million) has a higher reward/risk ratio.
crunchbase.com/organization/ambrosus
Price targets:
150 sats
220 sats
280 sats
350 sats
Note:
This is not financial advise. Please do your own research.
However, the OBV shows massive accumulation ever since the last pump (~500 million to 1.8 Billion). The RSI(currently oversold) and MACD are both heading towards the bullish side while price is going lower.
Now with Bitcoin taking a pause from its pump, it may be give the alts some upside.
Fundamentals:
This is well funded project. They raised around $30 million from their ICO, so the marketcap right now (~$5 million) has a higher reward/risk ratio.
crunchbase.com/organization/ambrosus
Price targets:
150 sats
220 sats
280 sats
350 sats
Note:
This is not financial advise. Please do your own research.
Trade active
Reversal taking place.Trade active
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